NewAmsterdam Pharma Announces Pricing of Upsized Secondary Offering of Ordinary Shares
07 Juni 2023 - 5:25AM
NewAmsterdam Pharma Company N.V. (Nasdaq: NAMS; “NewAmsterdam” or
the “Company”), a clinical-stage biopharmaceutical company
developing oral, non-statin medicines for patients at high risk of
cardiovascular disease with residual elevation of low-density
lipoprotein cholesterol, for whom existing therapies are not
sufficiently effective or well-tolerated, today announced the
pricing of the previously announced underwritten public offering of
13,857,415 shares of the Company’s ordinary shares, with a nominal
value of €0.12 per share (“Ordinary Shares,” such offering, the
“Offering”) by certain of the Company’s existing shareholders,
including affiliates of Forbion Capital Partners (collectively, the
“Selling Shareholders”), at a public offering price of $11.50 per
share. In connection with the Offering, certain of the Selling
Shareholders have granted the underwriters a 30-day option to
purchase up to an additional 2,078,612 Ordinary Shares at the
public offering price, less the underwriting discount. The Offering
is expected to close on or about June 9, 2023, subject to customary
closing conditions. The Company will not receive any proceeds from
the Offering.
Jefferies and SVB Securities are acting as joint book-running
managers for the Offering.
The Offering is being made pursuant to a registration statement
on Form F-1, including a base prospectus, that was initially
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on January 30, 2023, as amended by the Post-Effective
Amendment No. 1 to the Form F-1, declared effective by the SEC on
April 24, 2023. A preliminary prospectus supplement and
accompanying prospectus relating to and describing the terms of the
Offering were filed with the SEC and are available free of charge
by visiting EDGAR on the SEC’s website at www.sec.gov. Copies of
the final prospectus supplement, when available, and the
accompanying prospectus may also be obtained free of charge from:
Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520
Madison Avenue, New York, NY 10022, Telephone: (877) 821-7388,
Email: prospectus_department@Jefferies.com or SVB Securities, Attn:
Syndicate Department, 53 State Street, 40th Floor, Boston, MA
02109, Telephone: 1-800-808-7525, ext. 6105, Email:
syndicate@svbsecurities.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About NewAmsterdam
NewAmsterdam (Nasdaq: NAMS) is a clinical-stage
biopharmaceutical company whose mission is to improve patient care
in populations with metabolic diseases where currently approved
therapies have not been sufficiently successful or well tolerated.
NewAmsterdam is investigating obicetrapib, an oral, low-dose and
once-daily CETP inhibitor, as the preferred LDL-C lowering therapy
to be used as an adjunct to maximally tolerated statin therapy for
high-risk cardiovascular disease patients. Based in the
Netherlands, NewAmsterdam recently completed a business combination
with Frazier Lifesciences Acquisition Corporation, a special
purpose acquisition company sponsored by an affiliate of Frazier
Healthcare Partners.
Forward-Looking Statements
Certain statements included in this document that are not
historical facts are forward-looking statements for purposes of the
safe harbor provisions under the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements generally
are accompanied by words such as “believe,” “may,” “will,”
“estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,”
“would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,”
“outlook” and similar expressions that predict or indicate future
events or trends or that are not statements of historical matters.
These forward-looking statements include, but are not limited to,
statements regarding the consummation of the proposed Offering.
These statements are based on various assumptions, whether or not
identified in this document, and on the current expectations of the
Company’s management and are not predictions of actual performance.
These forward-looking statements are provided for illustrative
purposes only and are not intended to serve as and must not be
relied on as a guarantee, an assurance, a prediction, or a
definitive statement of fact or probability. Actual events and
circumstances are difficult or impossible to predict and may differ
from assumptions. Many actual events and circumstances are beyond
the control of the Company. These forward-looking statements are
subject to a number of risks and uncertainties, including changes
in domestic and foreign business, market, financial, political, and
legal conditions; risks relating to the uncertainty of the
projected financial information with respect to the Company; risks
related to the approval of the Company’s product candidate and the
timing of expected regulatory and business milestones; ability to
negotiate definitive contractual arrangements with potential
customers; the impact of competitive product candidates; ability to
obtain sufficient supply of materials; the impact of COVID-19;
global economic and political conditions, including the
Russia-Ukraine conflict; the effects of competition on the
Company’s future business; and those factors described in the
Company’s public filings with the SEC. Additional risks related to
the Company’s business include, but are not limited to: uncertainty
regarding outcomes of the Company’s ongoing clinical trials,
particularly as they relate to regulatory review and potential
approval for its product candidate; risks associated with the
Company’s efforts to commercialize a product candidate; the
Company’s ability to negotiate and enter into definitive agreements
on favorable terms, if at all; the impact of competing product
candidates on the Company’s business; intellectual property related
claims; the Company’s ability to attract and retain qualified
personnel; ability to continue to source the raw materials for its
product candidate. If any of these risks materialize or the
Company’s assumptions prove incorrect, actual results could differ
materially from the results implied by these forward-looking
statements. There may be additional risks that the Company does not
presently know or that the Company currently believes are
immaterial that could also cause actual results to differ from
those contained in the forward-looking statements. In addition,
forward-looking statements reflect the Company’s expectations,
plans, or forecasts of future events and views as of the date of
this document and are qualified in their entirety by reference to
the cautionary statements herein. The Company anticipates that
subsequent events and developments may cause the Company’s
assessments to change. These forward-looking statements should not
be relied upon as representing the Company’s assessment as of any
date subsequent to the date of this communication. Accordingly,
undue reliance should not be placed upon the forward-looking
statements. Neither the Company nor any of its affiliates
undertakes any obligation to update these forward-looking
statements, except as may be required by law.
Stern Investor Relations on behalf of
NewAmsterdamHannah DeresiewiczP: 1
212-362-1200hannah.deresiewicz@sternir.com
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